Problem
Analyze a recent event (the protests in China) from the viewpoint of economics, focusing on how the event might be reframed in terms of concepts like efficiency, tradeoffs, motivations, and unintended consequences. Please use terms from the field of economics. Describe the event's externality and draw a diagram to illustrate it. Analyze the media and communication incentives. Please explain the purpose of their demonstration and what they want the world to understand. Talk about why the media chose to cover this incident. Whom would they be attempting to appeal to? What data backs up your claims regarding the audience? What additional parallels or contrasts can you find between the various narratives? Include a graphic or model that relates to the incident and explain it. Provide five or more economic words. I'm grateful.